a.-b. Merchandise Inventory, before adjustment, has a balance of $7,600. The newly counted inventory balance is $8,100. c. Unearned Seminar Fees has a balance of $6,100, representing prepayment by customers for five seminars to be conducted in June, July, and August 20X1. Two seminars had been conducted by June 30,201. d. Prepaid Insurance has a balance of $12,600 for six months' insurance paid in advance on May 1, 20x1. e. Store equipment costing $4,350 was purchased on March 31 , 20X1, It has a salvage value of $510 and a useful life of four years. f. Employees have earned $260 that has not been paid at June 30,201. 9. The employer owes the following taxes on wages not paid at June 30, 20X1: SUTA, \$7.80: FUTA, \$1.56: Medicare, $3.77; and social security, $16.12. h. Management estimates uncollectible accounts expense at 1 percent of sales. This year's sales were $2,100,000. i. Prepaid Rent has a balance of $6,750 for six months' rent paid in advance on March 1,201. j. The Supplies account in the general ledger has a balance of $410. A count of supplies on hand at June 30, 20X1, indicated $155 of supplies remain. k. The company borrowed $6,500 from Second Bancorp on June 1, 20X1, and issued a four-month note. The note bears interest at 12 percent. Required: Based on the information above, record the adjusting journal entries that must be made for Sufen Consulting on June 30 . 20X1. The company has a June 30 fiscal year-end. Analyze: After all adjusting entries have been journalized and posted, what is the balance of the Prepaid Rent account? Complete this question by entering your answers in the tabs below